XML 23 R11.htm IDEA: XBRL DOCUMENT v3.24.1.u1
COMPUTATION OF NET INCOME PER COMMON SHARE
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
COMPUTATION OF NET INCOME PER COMMON SHARE COMPUTATION OF NET INCOME PER COMMON SHARE
Basic net income per share is computed by dividing income from operations attributable to stockholders of The Ensign Group, Inc. by the weighted average number of outstanding common shares for the period. The computation of diluted net income per share is similar to the computation of basic net income per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued.
A reconciliation of the numerator and denominator used in the calculation of basic net income per common share follows:
Three Months Ended March 31,
 20242023
NUMERATOR:  
Net income$68,960 $59,969 
Less: net income attributable to noncontrolling interests
125 117 
Net income attributable to The Ensign Group, Inc. $68,835 $59,852 
DENOMINATOR: 
Weighted average shares outstanding for basic net income per share56,337 55,300 
Basic net income per common share:$1.22 $1.08 

A reconciliation of the numerator and denominator used in the calculation of diluted net income per common share follows:
Three Months Ended March 31,
 20242023
NUMERATOR:  
Net income $68,960 $59,969 
Less: net income attributable to noncontrolling interests
125 117 
Net income attributable to The Ensign Group, Inc. $68,835 $59,852 
DENOMINATOR:  
Weighted average common shares outstanding56,337 55,300 
Plus: incremental shares from assumed conversion (1)
1,584 1,798 
Adjusted weighted average common shares outstanding57,921 57,098 
Diluted net income per common share:$1.19 $1.05 
(1) Options outstanding which are anti-dilutive and therefore not factored into the weighted average common shares amount above were 1,143 and 1,178 for the three months ended March 31, 2024 and 2023, respectively.